Cascade Township Michigan Neighborhood Real Estate Market Report Watermark Residences August 2009
The Residences at Watermark are located on Watermark Golf Course
just south of Cascade Road. Yes, I play Watermark golf course every chance
I get. Watermark is a premier course with friendly players.
It has an excellent grounds staff and a great pro shop staff, as well.
Watermark single family homes and condos make this a very attractive
place to live. Quality built homes with access off Cascade Road and
Spaulding Drive, you are close to the airport, 28th Street shopping,
I96 expressway and close to Cascade, Ada, and Forest Hills
schools and shopping areas.
Watermark Residences
August 2009 Real Estate Market Report
For Sale: 9
There are 9 active Watermark Homes currently on the market.
The median Watermark Homes current active price is $ 681,928
The average Watermark Homes current price per sq ft is $ 256.41
The average days on the market for active Watermark Homes is 122
The high price is $ 2,700,000 and the low price is $ 384,900.
Sold: 3
There have been 3 Watermark Sold Homes since Jan 1, 2009.
The average Watermark Sold Home price is $ 454,667
The average Watermark Sold Homes price per sq ft is $178.70
The average days on the market for Watermark Sold Homes is 167.
Pending: 0
Expired: 7
At the current rate of sales, we have a 24 month Absorption rate at the
Watermark Residences. This means that it will take 24 months for the
current listed homes to sell based on the current rate of sales.
Watermark buyers don’t seem very interested at the present prices.
The listed avg. price/square foot is about $70 more than the 3 sales
so far this year. The $2.7 million home does inflate the figures but
price/sq ft should be similar. Summer has seen some activity here, but
overpriced homes just aren’t selling no matter where they are located.
Additional articles about Watermark Residences:
Cascade Township Michigan Real Estate
Watermark CC Golf Pro ~ Mark Wilson
The Grille Restaurant at Watermark
If you would like further information about Watermark Residences
Cascade or Forest Hills Homes, please contact me directly:
1-888-240-1968 ext 0
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in West
Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan
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We believe: Grand Rapids is a Great Place to Live!
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Contact Terry 616-292-7263